LE Electronics posted 1.2 trillion won in operating profit in the second quarter of the year, driven by its household appliance and automobile component businesses.
LG Electronics forecasts a 61.2 percent on-year increase in operating profit for the second quarter, setting records for revenue and operating profit in the fiscal period.
Korean Air reported a 5 percent on-year increase in first quarter operating profit due to recovery in passenger traffic and robust cargo demand but still underperformed market expectations.
Coupang posted net loss for the first quarter of 2024 as its profits eroded, partially due to intensifying competition with Chinese competitors like AliExpress and Temu.
Shinhan, Hana, Woori and KB all reported an on-year drop in earnings for the first quarter, driven largely by compensation reserves for Hong Kong-tied derivative products.
Samsung Electronics forecasts a 931.3 percent yearly rise in operating profit for the first quarter, signaling a dramatic turnaround in its semiconductor business.
Coupang, the U.S.-listed Korean e-commerce giant, reported its first-ever annual operating profit of $473 million in 2023, according to its earnings release published Wednesday.
Restructuring efforts and price hikes enabled the power company to cut its operating loss by 28.09 trillion won.
Korean Air and Asiana Airlines both achieved record revenue in 2023 due to increased demand from international passengers but saw profitability decline.
Operating profit, however, remains in the red as the company prepares for a possible IPO.
Korea JoongAng Daily Sitemap